Fast Scalping System | Scalping EA download - MT4/MT5 resources

Hello fellow traders!

Are you tired of spending hours analyzing charts so that no matter how well you think you're doing on a trade, the price moves against you? Because I am. Trading is easier when you have enough capital to withstand drawdowns, but not if you are like me!
So what do you do in this situation? The answer is: if you time your entry well, you can make quick profits! This means you trade on shorter time frames, which means scalping.

So I wanted to share with you a great scalping system I put together. Let me show you the content:
- 50 SMA
- Trendline indicator for confirmation
- Daily support and resistance pivots

We don't use any oscillators because they are pointless. We use price action!

How to trade:
- Only trade on the M1 or M5 timeframe! Any larger time frame is useless with this system due to retracements.
- Only trade after the London open to the New York close, do not trade during the Asian session as there are small fluctuations.
- Obviously, don't trade against the main trend. Check the M5 for price action after London opens.

rule:
- First check the color of the trend line. Be prepared after the change.
- If you see a strong price increase, wait for the first candle to close above/below the 50 moving average.
- Afterwards open a position and carefully check the chart on M1.

Remember, if you are a scalper, you must be fast! Don't wait for big moves and make quick profits.
Don't trade mechanically based on indicators alone, they just help you and don't trade for you!

When you see price hitting support/resistance lines, showing a reversal, or stalling for too long, close your position.
Of course, you must choose the currency pair with the lowest spread.

Here’s today’s EURUSD chart


54 points before the New York open.

Read the diagrams and explanations in the post.

These are indicators and templates. If your broker has 4 digits, use Scalpline4; if your broker has 5 digits, use Scalpline5.